Liberty Specialty Markets to Leverage WTW’s Neuron Platform
Global advisory, broking, and solutions firm WTW has announced that Liberty Specialty Markets (LSM) will be among the first to adopt Neuron, its innovative digital trading platform. WTW has designed Neuron to modernize the placement of specialty risks by enabling real-time connections between brokers and insurers, thus streamlining the trading of complex risks and enhancing overall efficiency in the insurance value chain.
By embracing Neuron, LSM aims to boost its digital capabilities, allowing for faster risk trading, customized portfolio underwriting, and improved speed, scale, and efficiency in follow-line placements. This adoption promises a more responsive and efficient trading experience.
Louise Smith OBE, Global Lead for Neuron at WTW, remarked, “WTW is thrilled that LSM is an early adopter of Neuron. Our partnership represents a major step forward in our quest to intelligently connect global risks with smart capital, thereby transforming digital capabilities across the entire value chain.”
Smith further added, “We anticipate working closely with LSM to unlock significant operational efficiencies, simplifying, accelerating, and adding agility to business processes using Neuron’s cutting-edge technology and unmatched market-wide connectivity.”
Carol Baker, Head of Digital Strategy at LSM, stated, “We are committed to pioneering solutions that shape the future of our industry, leveraging advanced technology to make risk placement fast and frictionless for follow business.”
Baker continued, “The London Market is at an intriguing crossroads, where innovation meets tradition to redefine how we collaboratively deliver enhanced outcomes for clients. Our alliance with WTW provides brokers with seamless access to our underwriting expertise. This initiative marks a positive step towards a more interconnected market, further strengthened as more carriers and brokers join.”
